The Truth About Tax Resolution Fees

Within the tax resolution industry, there are a variety of fee models that you should be aware of. Different fee models have different potentials for abuse by the firm offering the services, and it is important to do your due diligence and fully understand what you are paying for, how much, and when, before ever paying a single dime to a tax resolution firm.

One of the most common fee models is a retainer model, which is a carryover from the world of legal and CPA firms from which many tax practitioners come. Under this model, you pay an up front amount, which the firm holds on to and then bills against on an hourly basis. Close to the time when the retainer is all used up, you will (or, actually, SHOULD) get a bill showing what was done, how long it took, and the hourly rate it was billed at. This bill will usually also include a request for additional retainer. The key thing to remember here is that if you don’t keep paying, they don’t keep working.

If you’ve been researching particular companies online, you may already have come across BBB, forum, Attorney General, and other complaints against some firms that aggressively bill down retainers, and are constantly asking their clients for more money, without making much significant progress on a client’s actual tax case. It is important that you thoroughly vet a company before giving them money, in order to avoid becoming another victim of a devious company.

Another common fee model is a flat fee-for-service model. This fee model has a large number of variations, from a flat fee for a specific package of quoted services, to a “menu of services” model where each service you can order off the menu has a specific fee. This latter method is very akin to the most common pricing model used in tax return preparation, where each specific tax form has a particular fee for preparing it. You’ll see this fee model used at just about any CPA firm or retail tax preparation outfit (including Jackson Hewitt, H&R Block, etc.).

When you are speaking with a sales person regarding a package of services, it is very, very important that you understand exactly what services you are being quoted for, and what the company’s policy is regarding fees for additional services. When it comes to tax matters, it is not uncommon for additional services to be required, which will require additional fees if they are not covered in the quotation you are already working under. Ideally, the sales person you speak with will have conducted a thorough analysis of your situation and will have included everything in the proposal sent to you.

When comparing proposals between multiple companies, keep in mind that you probably aren’t comparing apples and apples, but rather apples and oranges. Here are things to consider when comparing proposals between firms that are competing for your business:

  • Is any tax return preparation included in the quote?
  • Does the fee include all appeals necessary for handling your case?
  • For business owners, is Trust Fund Recovery Penalty representation included?
  • How many quarters or years of tax issues are covered by the fee quote?
  • Is a penalty abatement application included, or is that extra?
  • What specific resolution option does the fee cover, and what happens if the resolution strategy changes?

This last question is particularly important. There are some tax resolution firms that will try to sell everybody an Offer in Compromise, because they charge a higher fee for this service. However, it is critical for anybody and everybody to understand that most individuals and small businesses DO NOT QUALIFY for an Offer in Compromise. In fact, the IRS accepts less than 20% of all Offers that are ever submitted, and the only reason this number is so low is because of the high number of ineligible offers that get submitted in the first place. It is also important to understand that the average processing time for an Offer in Compromise exceeds 10 months.

What does this mean for your fee? Well, a reputable firm will conduct a thorough financial analysis, and tell you whether or not you are an Offer candidate. If you are not, then they will negotiate another resolution option for you within the same fee. If a firm tells you they will charge an additional fee for negotiating an Installment Agreement (monthly payment plan) after you’ve already paid a higher fee for an Offer in Compromise, then you should seriously question this.

You should also beware the firm that tells you that, yes, you are an Offer candidate, even when you own assets in excess of your tax liability. Simply put, if you have assets that exceed your tax debt, then the IRS will never accept your Offer. There is an incredibly rare exception to this rule, but it’s so rare that it only happens once or twice per year (literally). This exception is called the “Effective Tax Administration” rule, and if a firm tells you that you can qualify under this rule, then chances are you are being straight up lied to. You practically have to be on your death bed in order to qualify for this exception.

Another big thing to consider when discussing fees is the issue of what’s an appropriate fee, and what is too much. The cost of a service obviously varies based on geographical location, but in general fees for tax resolution services across the country do fall into a line of what’s appropriate and what’s not. Here are some examples of what would be considered standard fee ranges for certain services:

  • Negotiating an IRS Installment Agreement, penalty abatement, and all appeals on a $40,000 personal income tax debt: $2500
  • Same as above, but on a $200,000 business employment tax debt: $5,000 to $7,000
  • Trust Fund Recovery Penalty representation: from $1,000 to $2,500, depending on the nature of the case
  • Preparing a basic personal income tax return, married filing jointly, a home, two jobs, couple kids: $300-$500
  • Preparing a small corporate income tax return with less than $250,000 per year in revenue and no significant assets: $500-$800
  • Preparing a more advanced corporate tax return with multiple shareholders, assets, high revenues, etc: $1,200-$2,500
  • Negotiating an Offer in Compromise on a $150,000 personal tax debt: $3500 to $5000
  • Negotiating the release of a wage garnishment, and nothing else: $400 to $1,000

These are just examples of the types of fees you may see when it comes to working out tax problems. There are numerous factors that go into properly quoting a tax resolution fee, but when comparing proposals, these numbers can give you a good idea of what is considered reasonable.

How to Create Traffic Using Forum Marketing

In this article I am to going to discuss how you can use forums to generate traffic to your web page and to your free offers. It is an ideal way that you can generate traffic to build your list.

There are plenty of forums online that have been created for a specific purpose and that is to appeal to people with a particular interest. Therefore you will find forums on many different topics and it is very easy to find a forum that is related to your own business niche.

Therefore using a forum to drive traffic is an ideal situation because the people on that forum are likely to be your targeted prospects. That is, they are people who are interested in your particular niche.

When you drive any type of traffic to your website you should be finding targeted traffic so that the traffic you generate is quality. By that I mean that the traffic or the people are going to have an interest in what you have to offer.

When you look for forums related to your particular niche you need to make sure that they are active and that lots of people are using them and visiting them each day and you also need to make sure that they allow you to add a signature.

When you create your signature use it to offer something of value that people on the forum will want and offer it for free if they sign up to your list.

Using a forum in this way enables you to build your list rather than just generate traffic to your web page.

The reason why building your list is better is because you then control the communication with those people. You don’t have to rely on them visiting your web page again and again.

Since they are now a subscriber you can email them and build up a relationship with them that you have control over.

So that people on the forum have visibility of your signature you will of course need to get involved.

Therefore the way that you generate traffic using a forum is by posting helpful information and adding value to people on that forum. When people read your helpful advice they are then likely to want to find out more about you and to click on your signature link.

Using forum marketing in this way is a great way to build your own online reputation too.

Did You Know Forums Can Bring You 50% of Your Visitors?

Surprisingly forum marketing can bring in up to 50% of your visitors. Set it up correctly and work it regularly for great results. Also the viewers are very relevant visitors as they have chosen that particular forum because of the match to their interest. So if you also make a close match there is every chance the visitors will be looking for what you have to offer. So this is an excellent way to build your list of future purchasers. Can it get better than that for a little bit of work?

So what is the correct way to set up your forum marketing? First type into Google your niche then type the word forum and see what turns up, you may have to re-word your chosen niche keyword slightly to get the best choices but you should end up with a number of forums to select from. Ten forums would be a good number if you have time to add several posts daily to each forum you like the look of.

Sign up and join each forum you feel is a good match. This is usually free. Be sure to read the terms and conditions carefully as they are all different and you don’t want to be banned for a silly error. You will find how soon you can add posts and new threads, and also a signature (with a link back to your website). Your aim is to answer questions and ask your own regularly. Your posts should be informative helpful and interesting. Find the answer to questions by Googling and research. You will learn a lot and become known as an expert in your niche, which will increase traffic to your website. Others will answer your questions and help you too. Forums are like an online community.

Each entry gives you an opportunity to introduce your website squeeze page where you can offer a useful gift in return for their email address. Give an E-book on something connected to your niche. These email addresses will become your “list” of prospects that you are able to email various affiliate offers and tips to regularly.

If you imagine making 10×3 posts daily, therefore 30×30 = 900 by the end of the month, this could be over 10,000 at the end of a year, you can see how your contacts grow. Especially as people continue to read the threads long after they were posted. Posts will grow over the following weeks as other peoples comments are added. Also have you noticed some posts become really popular and read by hundreds of people. Look at a big forum like the Warrior Forum.

In order to make this forum marketing work post regularly and see the difference. People will look out for your comments and your reputation will grow.

To speed up your progress you may want to combine this with other methods for example paid advertising, whilst organic advertising continues to grow naturally.

Forum Marketing for Success Explained

Forum marketing can be very effective in growing your list and getting traffic to your website as long as you choose popular forums where there are lots of posts daily from visitors asking questions and making comments.

To search for forums in your niche go to Google and type in forum, followed by your topic or niche this will bring up a collection of forums for you to investigate. Choose the ones that best suit your niche and you feel at home with.

For the next few days visit often sign in and introduce yourself; don’t post immediately get the feel of the forum and what people are saying etc. Read the terms and conditions of each forum, they differ slightly and become familiar with the way the forum is run.

Soon you will be able to become an active member leaving helpful posts and asking questions. Never make useless, hurtful comments, or answer with a “yes I agree”, without some useful information and your thoughts. Don’t post just to get your signature noticed always be helpful and courteous. You want to build a relationship with other members. In time you may meet suitable JV partners to share ventures with, or exchange lists and generally help each other, so be patient.

Your aim is to become an expert or authority in your field and become known as such on the forums. You only need to know more than the people asking the questions! If you don’t know the answer, do a Google search and then reply with the answer in your own words, you can link to the article you have found if the forum permits. This will not only help others but also, get your posts noticed and it will increase your knowledge about your subject too; a win, win situation.

There are different rules in forums about how soon you can add your signature. This is a recognizable phrase advertising your business with a link back to your website for anyone who is interested, to follow.

Links from forums create good back-links which search engines notice and your Google ratings will improve.

Forums are good for directing targeted traffic to your website because the members on that forum are in the same niche, and their interests will be similar to yours if you choose your forum carefully. They are as keen to learn more information as you are. If your information and products are of high quality members are likely to be interested and you will build a good reputation. Members will click your link via your signature and probably join you email list if your opt-in page has a great offer.

We would like to wish you every success in your venture.

Internet Marketing Forums for Beginners

The advent of the internet has revolutionized the modern methods of working. If a product, technology, service and skill can bear profit in real life, it is of value. And, it can be sold over the web or lent! But, selling over the web is a big test. You are not the only one who is offering a skill or a product or a technology. There are going to be a lot of others who are doing the same, probably at a lower cost with added features. Simply put, without the proper marketing, even the most unique and ingenious ideas come to a standstill.

Internet marketing is essential if you want to divert the viewing traffic to your blog. Thankfully, there is no need to get enrolled in a distance MBA. With the internet, you can get started with becoming an Internet marketing pro in no time! There are a number of forum which make Internet Marketing for beginners easy and simple.

The benefits of joining an internet marketing forum are as follows:

1. Get advice, tips and marketing hacks from experienced marketers with years of knowledge.

2. Be updated on the current trends in the marketing niche.

3. Expose your products and services to the right audience.

Let’s take a look at some of the popular platforms today:

1. Warrior Forum

Established in 1997, Warrior forum is the oldest internet marketing forum. It is also the most popular amongst the online marketers and SEO experts. At any given time, the site has the highest number of active users. It also boasts of the largest number of posts and threads. The community is super friendly, humble and helpful comprising of the most basic learners to the marketing gurus.

In case you are unable to find a solution to your query, you can become a part of the War Room by paying $37. Here, you can not only get your issues resolved with the marketing experts but also by the administrators too. Some of the well known and active users on the forum include Adrian and Howie.

2. Wicked Fire

Wicked Fire is the most popular Affiliate Marketing Forum. If you are dabbling with Pay Per Clicks (PPC) and Cost Per Action (CPA), then this forum is for you. Some of its most successful members are making a lot of money and they share how they are able to do it.

The forum carved a name for itself in a short span of time. It is on a more advanced level than Warrior Forum and you need to be experienced to get a gist of what is mentioned. Some of the conversations can drift away from the normal language. For beginners, they should absorb as much knowledge as possible rather than starting or participating in any conversation.

3. Self Starters Weekly Tips

Self starters weekly tips forum was started by Lynn Terry who is a 12 year veteran in internet marketing. The forum is significantly smaller than the rest of the forums mentioned here but the advice is upfront, direct and personal. Lynn also participates in the forum talks and gives advice to the marketers.

SSWT is highly recommended for the beginners who may find some of the larger sites overwhelming. The community is close knit, attractive and very supportive. You can also take a step and help out others once you have gained some experience which will be more than welcome.

The paid member forum, Elite Members Forum, is for those seeking out advanced guidance.

4. Digital Point Forum

The Digital point forum offers a vast ocean of A to Z of Internet marketing.

You can find information on:

a. Search Engines which have the big giants such as Yahoo, Google, Microsoft and Directories

b. Business which comprise of eCommerce, General Business, Payment processing, Domain Name Issues, Legal issues, Buy/Trade/Sell and Copy.

c. Marketing comprising of Search Engine Optimization, Social Networking, Marketing Basics, Link Development, CPA, PPC and so on.

d. Designing and Development including Website Design and HTML, Multimedia and Graphics, Programming, Content Management System, Databases and Site and Server Administration

There is quality in the content, your queries have a quick response to them and the community is friendly and helpful.

5. Money Maker Discussion

The forum has only one topic of focus- making money via affiliate marketing. Some of the other topics included here consist of SEO, social media marketing and tips to boost traffic.

The community is friendly and helpful. Plus, as a beginner, you get a lot of support from the experienced members.

6. Problogger

If you are looking to drive traffic to your blog, then problogger.com is the right place for you. The forum talks about how to promote your blog without external aid.

Some of the topics covered are:

– Promoting your blog

– Content creation

– Making money with your blog

– Design aspects of your blog

– Technical issues

– Collaboration and Critique

– Well made tutorials

There are over 21,500 posts and the forum is very active. The information quality is excellent and you can connect with other bloggers and exchange tips on handling your blog successfully.

However, you need to pay a monthly subscription fee of $5.95 which is quite economic if you look at the big picture.

Some tips for the beginners

1. Do not join the forums just to promote your own site. This can get you kicked out.

2. Your signature can be used for your site promotion. Simply place a link within the signature of your profile and it will be shown in every post you write.

3. Every forum has a set of rules which you should read before you start posting.

4. Before you create a new thread, make sure it is not a duplicate of a previous post. This will save everyone’s time.

5. Help others. Once you get the hang of marketing, help the newbies. Remember, you were a beginner once as well.

Following these tips will certainly be a boost in your knowledge and you can make the most out of these Internet Marketing Forums for Beginners.